Healthcare CEO’s don’t give a damn about patients

KEY TAKEAWAYS:

-Consumer Reports survey of 1,200 adults who currently take prescription medications. During the past year, 22 percent of them—which comes to an estimated 27 million Americans—experienced a price hike for one or more of their medications.

About 20 percent said they said they didn’t fill their prescription at all because of costs.

-More than a quarter of people blamed their insurer for their drug price increase.

-According to the Centers for Disease Control and Prevention, nearly 40 percent of adults younger than 65 who get insurance through their employer had high-deductible plans in 2016. That’s up from 26 percent in 2011. Continue reading

Healthcare costs: some pesky facts

KEY TAKEAWAYS:

-The US spends the most of any country in the world on healthcare in terms of percent of GDP, sitting around 18% as of the most recent data.

-After accounting for inflation, healthcare expenditures increased by $933.5 billion between 1996 and 2013.

– 50% of the increase was simply due to higher prices.

-Different chronic diseases had different patterns of price increases. The biggest increase was seen in diabetes care driven largely by rising costs of pharmaceuticals.

-The unhealthiest states were all heavy Republican states  with Mississippi at the bottom of the rankings, followed by Louisiana, Arkansas, Alabama, and West Virginia. Mississippi and Louisiana struggle, particularly with high rates of smoking, obesity, and poverty among kids.

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Pharma: Tax dodgers and price gougers?

KEY POINTS:

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Health care is failing patients

KEY TAKEAWAY:  Total nominal US health care spending increased 4.3 percent and reached $3.3 trillion in 2016. Per capita spending on health care increased by $354, reaching $10,348.  These statistics should be alarming because it’s further indication that our health care system is failing the very people it was intended to help. Continue reading